By Rebekah Morris for Arizona Builder’s Exchange
The Town of Gilbert is growing fast and one place that’s evident is the five-year Capital Improvement Plan. The 2018-2022 planning document shows a healthy $957.5M five-year total, with $483.3M budgeted in FY17-18. This represents an increase of 11.69 percent over last year’s program.
Budget Director Kelly Pfost stated in an interview that Gilbert is, “A growing community, and the CIP reflects the Town’s investment to keep up with the needs of that growth.” The Town just last month sold bonds that were authorized by voters in 2007, to the tune of $70M. That bond sale provides a new source of funds for some of the plan’s capital projects.
